Loading current stock analysis…
Loading current stock analysis…
India
As of 18 Sept 2026, 03:30 pm
Effective August 22, 2026, the Mines and Minerals (Amendment) Act, 2026, prohibits state taxes on mineral rights and invalidates unpaid levies. Previously, Dalmia Bharat and its subsidiaries paid Mineral Bearing Land Tax in Tamil Nadu (₹160/ton) and Assam (₹10/ton), along with Mineral Cess in Meghalaya (₹60/ton). These levies totaled ₹127 crore in FY26 and ₹38 crore in FY27. As of August 22, 2026, these payments are no longer required, although previously paid amounts are not refundable.
On September 17, 2026, Dalmia Bharat's step-down subsidiary, Ascension Mercantile Private Limited (AMPL), acquired a 1% stake in AMPL Green City Solutions Private Limited for ₹1,00,000. AMPL also incorporated AMPL Green City Solutions Private Limited on the same date, allotting 10,000 equity shares at par to AMPL, representing a 100% acquisition. The newly formed entity, established on July 13, 2026, operates in waste management and recycling, focusing on automated material recovery facilities in Tamil Nadu.
As of September 18, 2026, technical indicators suggest a bearish trend. The daily Supertrend is at ₹1835.13, indicating a bearish direction. The 20-day Exponential Moving Average (EMA) is ₹1762.31, and the 50-day EMA is ₹1788.69, both of which are above the closing price of ₹1761.4. On a monthly basis, the Supertrend is ₹2417.07, also in a bearish direction, with the 20-day EMA at ₹1906.96 and the 50-day EMA at ₹1969.46.
As of September 18, 2026, Dalmia Bharat's stock has shown mixed returns across different periods. It experienced a 4% return in the last day and a 2% return over the last three months. However, it saw a 4% decline in the last month, an 8% decline in the last six months, and a 28% decline over the last year. Year-to-date, the return is negative 18%.
As of 18 Sept 2026, 03:30 pm
Showing 3 of 5 candles
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹3,890 crore | PEAK₹4,245 crore | ₹3,506 crore | ₹3,417 crore | ₹3,636 crore |
Dalmia Bharat Ltd. reported revenue from operations of ₹3,890 crore in the first quarter of FY2026-27, a 7.0% increase over the year-ago quarter but an 8.4% sequential decline from the preceding quarter’s record high. Profit before tax, however, dropped sharply to ₹254 crore, down 51% from the same quarter last year, as rising costs eroded the top-line gain.
Dalmia Bharat’s top line expanded year-on-year, but profitability weakened substantially as costs outpaced revenue growth. Pre-tax profit and earnings per share each fell by roughly half compared to the same quarter last year, highlighting a clear divergence between sales momentum and bottom-line delivery.
Exchange disclosures and regulatory announcements for Dalmia Bharat.
Dalmia Bharat Limited has issued a Postal Ballot Notice seeking shareholder approval via remote e-voting to extend the remuneration of Managing Directors Mr. Gautam Dalmia and Mr. Puneet Yadu Dalmia for their remaining two-year terms from October 30, 2026, to October 29, 2028. The proposed remuneration structure includes a monthly salary of Rs. 1.485 crore per director, along with allowances, perquisites, and provisions for payment in case of inadequate profits, based on terms previously approved at the 10th AGM in June 2023. The remote e-voting period is scheduled to run from September 22, 2026, to October 21, 2026, with results to be declared by October 23, 2026.
Dalmia Bharat Limited announced a postal ballot notice for a shareholders' meeting on September 22, 2026, with voting ending October 21, 2026, to seek approval via special resolutions for the remuneration of two Managing Directors. The resolutions cover Mr. Gautam Dalmia (DIN: 00009758) with remuneration of INR 214,259,769 and Mr. Puneet Yadu Dalmia (DIN: 00022633) with remuneration of INR 235,571,297, each for a two-year term from October 30, 2026, to October 29, 2028, with the amounts including perquisites and retirals.
DALMIA BHARAT LIMITED's step-down subsidiary, Ascension Mercantile Private Limited, acquired a 1% stake in AMPL Green City Solutions Private Limited on 2026-09-17 for Rs. 1,00,000 in cash, allotting 10,000 equity shares at par. The target, incorporated on 2026-07-13, operates in waste management/recycling with an Automated Material Recovery Facility in Tamil Nadu, India, and had no prior turnover or net worth.
On September 17, 2026, Ascension Mercantile Private Limited (AMPL), a wholly owned subsidiary of Dalmia Bharat Limited, incorporated AMPL Green City Solutions Private Limited and allotted 10,000 equity shares at par to AMPL. The newly formed entity, established on July 13, 2026, operates in the waste management and recycling sector with a focus on automated material recovery facilities. This transaction represents a 100% acquisition by AMPL for cash consideration, classified as not falling under related party transactions.
Dalmia Bharat Limited disclosed that the Central Government's Mines and Minerals (Amendment) Act, 2026, effective August 22, 2026, prohibits state taxes on mineral rights and invalidates unpaid levies. The company had been paying Mineral Bearing Land Tax in Tamil Nadu (Rs.160/ton) and Assam (Rs.10/ton) and Mineral Cess in Meghalaya (Rs.60/ton), totaling Rs.127 crore in FY26 and Rs.38 crore in FY27. As of August 22, 2026, Dalmia Bharat and its subsidiaries are no longer required to pay these levies, though amounts already paid will not be refunded.
Dalmia Bharat Limited announced that its management will attend the Goldman Sachs Asia Leaders Conference in Hong Kong on August 31 and September 1, 2026, and investor meetings organized by Avendus Spark in Singapore on September 2 and 3, 2026. The company confirmed that no unpublished price-sensitive information (UPSI) will be disclosed during these physical one-on-one or group sessions. The filing notes that event dates are subject to change due to organizer or company exigencies.
Dalmia Bharat Limited announced on August 20, 2026, that its representatives will meet with various institutional investors in Hong Kong on August 31 and September 1, 2026, at the Goldman Sachs Asia Leaders Conference 2026, and then in Singapore on September 2-3, 2026, for a non-deal roadshow. The meetings will be in-person, one-to-one and group sessions with fund managers and analysts, coordinated by contact person Prassan Goyal.
Dalmia Bharat Limited will attend the Equirus Annual India Conference on August 14, 2026, and the Motilal Oswal 22nd Annual Global Investor Conference on August 17, 2026, both in Mumbai. These meetings will be held in a physical format and will include one-on-one and group sessions. The company stated that no Unpublished Price Sensitive Information (UPSI) will be shared during these events.
Recent market and company developments associated with Dalmia Bharat.
Axis Securities presents a curated list of 15 stocks with potential returns of up to 40%. Discover which sectors and stocks are poised for growth amidst geopolitical tensions and economic shifts.
At 12:07 PM on Wednesday, the Nifty Cement index was up 1.3 per cent at 15,057.10, compared to a 0.24 per cent decline in the NSE benchmark Nifty 50.
Cement companies enjoyed higher realizations in Q1FY27, but rising fuel and raw material costs squeezed margins, while new capacity could keep pricing under pressure.
Comprehensive Section Breakdown for Dalmia Bharat
Strategic Vision: Indian conglomerate in cement, sugar, and refractories.
• Diverse product portfolio catering to various construction needs.
• Global reach in refractories business serving iron and steel manufacturers.
• Established presence in multiple industrial sectors.
Revenue fell by ₹355 crore sequentially from the prior quarter’s peak of ₹4,245 crore, reversing the strong expansion seen in the fourth quarter of FY2025-26. Despite the pullback, the latest quarter’s revenue remains the second-highest level across the five quarters ending in June 2026.
Compared with the same quarter a year earlier (Q1 FY2025-26: ₹3,636 crore), revenue grew by ₹254 crore, or 7.0%. The current quarter sits between the prior-year baseline and the recent peak, reflecting a moderation after the previous quarter’s surge.
Over the five-quarter period, revenue has fluctuated rather than followed a steady trajectory. It reached a low of ₹3,417 crore in Q2 FY2025-26, climbed to a high of ₹4,245 crore in Q4 FY2025-26, and settled at ₹3,890 crore in Q1 FY2026-27. At this level, revenue is 13.8% above the mid-period trough and 8.4% below the recent peak.
Profit before tax stood at ₹254 crore in Q1 FY2026-27, a significant decline from both the year-ago figure of ₹518 crore and the preceding quarter’s ₹440 crore. After deducting a tax expense of ₹62 crore (down from ₹123 crore in Q1 FY2025-26), profit for the period came in at ₹192 crore, a 51% drop from ₹395 crore a year ago. Basic earnings per share similarly fell to ₹10.02 from ₹20.95.
One observable driver of the profit compression was a rise in finance costs, which increased to ₹147 crore in the latest quarter from ₹108 crore in Q1 FY2025-26, a 36% year-on-year increase. The quarter also recorded cost of materials consumed of ₹644 crore and employee benefit expense of ₹245 crore. While year-ago figures for these specific expense lines are not provided, the steep reduction in pre-tax profit indicates that the overall cost base expanded more rapidly than the 7% revenue growth and other income of ₹139 crore.
Category: Manufacturing
Dalmia Bharat is a prominent cement manufacturing company in India, offering a diverse range of cement products for various construction needs.
Key Products & Services: Dalmia Bharat Cement • Dalmia DSP Cement • Dalmia Supreme • Konark Cement • Dalmia Bharat Weather365 • InfraPro • InstaPro • Dalmia Magic Premium Skim Coat • Dalmia Magic Fibrothick • Dalmia Magic Premium Ceilingfast • Dalmia Magic Innobond • Dalmia Magic Innofix • Dalmia Infra Green
Category: Manufacturing
Dalmia Bharat is engaged in the sugar industry through Dalmia Bharat Sugar and Industries Limited, venturing into the business in the mid-1990s.
Category: B2B Services
The refractories business operates under Dalmia Bharat Refractories Ltd. (DBRL), specializing in providing refractory materials, solutions, and services globally to iron and steel manufacturers.
Core Thesis: The group operates across diverse industrial sectors, leveraging its conglomerate structure to serve various market needs.
• Diversified Business Operations: The company maintains significant presence in cement, sugar, and refractories sectors, indicating a strategy of operating in multiple industrial domains. • Strategic Expansion and Acquisitions: The company has a history of expanding its manufacturing capabilities and market presence through strategic acquisitions across India.